The rewards for this post are set to 100% beneficiary going to the @hbdstabilizer account.
Benefits of @hbdstabilizer
- The @hbdstabilizer account buys HIVE on the open market with HBD when HBD is above $1.00 USD.
- This puts sell pressure on HBD (when HBD is above $1.00), which helps stabilize the price of HBD.
- This puts buy pressure on HIVE, which helps the price of HIVE go up.
FAQ
- How much of a difference is the @hbdstabilizer making?
- With the current proposal amounts from the DAO and HDB estimated at $1.50, the @hbdstabilizer account has been buying around $10,000/day worth of HIVE by selling around $10,000/day worth of HBD.
- When HBD is above $1.00, the @hbdstabilizer is actually returning a profit back to the DAO on top of returning 100% of the funds that are paid to it from the DAO. In an example scenario where HBD is trading at $1.50, @hbdstabilizer would be sending approximately $3600 profit per day back into the DAO fund.
- How often will these posts be created?
- For now the plan is to create one a day.
- Why can't this be funded entirely from the DAO?
- The existing proposals have maxed out the amount that can be received from the DAO without taking away funds from other proposals. The funds from these daily posts will add to the funds that are provided by the DAO proposals.
- What happens to the HP that is sent to the the @hbdstabilizer account?
- It is powered down and sent to the DAO.
- Will the amount generated by these posts even make a difference?
- Every amount added to the @hbdstabilizer fund will generate additional buy pressure for HIVE and sell pressure for HBD (when the price of HBD is > $1.00).
- Aren't these posts taking rewards away from content creators?
- The rewards pool is a community governed fund, and it is up to stakeholders to collectively decide how to allocate those funds by voting on the posts that they feel add the most value to the platform. If the stakeholders choose to vote for funding @hbdstabilizer with some of the rewards pool, it is entirely within their right to do so.
- Why do we need to see these posts on trending?
- The @hbdstabilizer fund is adding value to the Hive platform. Existing and potentially new stakeholders who are interested in the platform may find value in seeing it there.
Other posts about @hbdstabilizer
- Request for comments: HBD stabilization DHF proposal
- HBD stabilizer proposal
- HBD stabilizer algorithm
- Supplemental funding for HBD stabililzer
- HBD stabilizer update
Account Ownership
- The @hbdstabilizer fund is run by @smooth / @smooth.witness.
- This @hbd.funder account is owned and operated by @timcliff.
Witness Voting
I strongly encourage all HP holders to participate in our Proof-of-Stake governance model. This means either taking an active role in voting for the witnesses you think are doing the best job or delegating your witness voting power to someone you trust by setting them as your voting proxy.
You can vote on witnesses here:
I really appreciate hbdstabalizer and the efforts to stabilize hbd and extracting value for the hdf when above $1 and the buy pressure it has on hive as well... all great things.
However I can understand the frustration of so many people here... we have memories of when these posts inundated what some people call the "trending page" (Aka when you look at all topics with the trending algorithm)
I as well visit this page from time to time and I understand the annoyance and wonder if the max $200 a day is worth the poorer user experience how long will these posts stay at the top of the algorithm when they hit 400? Will they be there 3-4 days ... meaning will there be 3 or 4 or even 5 of them on this page? All just for $200 max? Seems so small compared to the 6000+ coming from the proposals.
I don't fully agree on the dislike based on rewards being impacted for users its 400 out of something like 20,000 (while i don't know the real number of what the reward pool gives out daily let's assume that and if that's the case it's 2%....maybe some see that as a big impact)
But also I believe author rewards are high right now because there aren't a lot of authors posting so we get much higher amount of Hive than ever. (The value of that hive/steem has been much higher in the past but we are still getting lots of Hive right now comparatively)
I understand the frustration as well. What a lot of people don't see though is that if the HIVE price goes up, that means there are more rewards in the rewards pool to distribute to content creators. Something to keep in mind too is that original goal of the rewards pool was to reward content that was adding value to the project and helping the value of HIVE go up. Content creators have the burden to demonstrate to stakeholders that all the "content" they are creating is actually helping to drive the price up too.
Makes sense... I think there is a way to make both sides pretty happy with some small tweaks
Yes, it is adding hundreds of dollars worth of value. One guy enjoying the trending page will buy more hive then this initiative will ever earn.
Please either find a way to hide the post on frontends and keep the rewards or stop it completely. Just not worth it.
The return on payout here is around 10-20% (varies as HBD price fluctuates). Ignoring compounding that's 500-1000% per year. If typical content on the trending page were doing that for the past 5 years, HIVE wouldn't be worth 40 cents, it would be worth 40 thousand dollars (made up number, but you get the idea). So, no, I think that is a very hard case to make on the numbers. Do people see content they like on the Trending page and become motivated to buy HIVE? Probably, but not to a degree that makes those Trending payouts a high (or at least, anywhere near as high of a) return overall.
You mean to say after all these years, in order to earn more, all I had to do was earn less? Well geez guys! Why didn't you just say something sooner!
Just messing around...
I see where you're going with this and I won't argue, math.
One thing about people earning a decent amount for genuine content and having that on display is how it then attracts more established acts/brands/names. They like to follow the money.
Snoop Dogg didn't hit up Youtube until Regular Joe was busy making an easy million. We see this now with NFT's as well. Once the mainstream catches wind there's money to be made, they're in.
Of course it makes no sense to become starstruck and plaster massive votes all over big names if they never intend on bringing their existing paying consumer base with them. One big name should be able to bring in thousands of consumers who also get a chance to earn which is something they've never been able to do with their disposable income, when it comes to supporting arts and entertainment. Those consumers. That's always been the missing ingredient.
That math (though I didn't write down any numbers) also adds up so I'm pretty sure HIVE should actually be worth 400k.
I was exaggerating. But it's not that much money for the discomfort it causes. Also, it's easy to hide, so why not do that.
Still worth thinking about the economics here, and maybe adjusting what constitutes discomfort.
If you want Hive to stumble along as a hobby project as long as people want to continue working it, then ignore economics. But if you want the value and resources to go up to the point where it can actually self-sustain and thrive, then sound economics needs a louder and more influential voice than it has had a times. The ultimate goal is not a pretty trending page that hardly anyone sees.
People do look at the trending page. They see a bland post. Not a loud and influential voice. There are a few of you here who when working together form a strong network. Probably the mightiest in all the land and when you want something to be seen, you all work together, and within minutes it's sitting where it needs to be. The number one slot. And there's nothing wrong with that; but if you truly believed nobody looks there, you would have skipped all those steps.
I observed Blocktrades refer to the posts as advertisements. I agree, they do serve that purpose. Advertising is supposed to pop though. As a consumer, if someone kept handing me the same bland flyer over and over on the street, I'd be annoyed. It's all in the delivery. A tidbit of information and a link leading to more detailed information about the project could make up a small but important portion of the post. Then there's the perfect opportunity to include fresh new updates about the happenings on chain; new developments, new projects, success stories. Anything. Something. An opportunity to give fresh new faces some exposure straight out of the gates. Links to new and interesting content found in any of the communities. Then you're killing a whole flock of birds with one stone, plus the general public remains interested, keeps coming back for more, feeling fine about plopping a vote down.
Nobody would complain if the posts had substance. You folks make a strong case and seem quite confident this project will do some good. At a glance it almost appears as if this project wants to make what's so appealing in de-fi farmland look like a little beeyotch. So if it's that valuable, adding value to the posts only makes sense, in my mind. As they are now, in this state, they stand no chance of even being shared on social media. Make the posts connect with people somehow and you damn right they're going to pass it around. Then it's advertising.
I'm sure there's money in the budget and one could delegate the work involved to someone else. I don't want to do it. I'm already tired from thinking too much.
Thanks for your time.
edit: meh.
Here's the less than great experience on the page I was referencing that many users here visit a few times a week.
We'll see existing post values begin to decline as more and more of these posts are published and upvoted. An equal percentage loss on all posts, barely noticeable if token value continues to rise. Everything will eventually balance out.
I voted for both of the posts so far. That means at least two content creators won't be seeing a vote from me. If an account gives more here, there's less to give elsewhere, and that does lead to fewer rewards placed upon genuine content.
Technically yes, there's potential loss. Is it worth freaking out about? Probably not.
The ugly trending page pushes eyes away. Content creators lose out on the added visibility that's supposed to come along with having a successful day. That leads to a small potential loss as well. And of course it's not just content creators losing out due to lack of eyes on the prize. Developers making major announcements for new or improved products on chain take a hit. It's everyone. Some content creators who aren't aware of how damaging over exposure is to their brand also contribute to turning eyes away from the trending page; but at the same time it's not really their fault so many choose to automatically vote blindly.
Trending is like the display window for a shop. Of course you'll see far fewer new customers walk in the door if that display is a complete mess.
Appreciate the thoughts.
Each time I hear the intacacies and conflict points involved with reward pool I keep thinking about how we need a release valve to take the pressure on that reward pool... I would like to see a tipping system provide that.
My tip doesnt impact anyone else... so I hope I can help make a better user experience for that coming up.
It doesn't directly solve these arguments but just hoping for a release valve and thought I'd bring up a semi-related topic haha
I myself give perhaps at least half of my votes to comments as a way to incentivize interaction because content voting is one thing but I wish people did more interaction voting
The only issue with tipping on this platform is the fact most come to make money, not give money. I've been going on about attracting the consumer type crowd for years, since they bring disposable income with them. And even then, voting is a far better deal to the consumer. That turns disposable income into an investment in entertainment or whatever, rather than a cost.
Voting comments is something I've always done. In a perfect world I wouldn't use my stake to vote other posts. I'd create content, entertain people, then shower them with gifts in the form of comment upvotes. It's really no different than offering someone a free coffee. Offering incentives creates competition. Others would have to hold their post earnings in order to take care of their consumers as well. It's such an intriguing business model but most of the potential goes over a lot of heads.
Another follow up I would be pretty ok if they moved this to comments and comments stopped making their way to the "all-topics page sorted by trending algorithm"
Comments don't show up on that page when sorted chronologically it's a page for posts.
So yeah actually seems like a decent solution as long as you don't worry about what small fraction is being taken from the pool
It's already been discussed and I created an issue for it last night.
Isn't it much simpler to have frontends manually "censor" this account? People who are interested could follow it and frontends can easily remove it from the trending page.
It's a general solution to a general problem as opposed to manually modifying the front ends for a one time solution to a specific issue. And from an implementation point of view, it's also less work, IMO.
oh yes, censor. what an absurd idea!
You can still see everything on the blockchain, it won't be censored there.
Why don't you just hide the posts on peakd? It's easy to do.
We need to finally fix HBD and limit the amount of debt HBD can create in a bear market, one idea is to add conversion between HBD and HIVE in both directions (HBD <-> HIVE), and by adding a small fee for every conversion and burn that fee + keeping and perhaps lowering the haircut / debt ratio rule below 10%.
@blocktrades explains elsewhere that whether or how well HBD works it actually a separate issue. As long as it isn't working (i.e. is overvalued), the return on investment of using HBD from the reward pool to buy HIVE for the DAO is extremely high. It's very hard to make a rational case it isn't the best use for reward funds.
I would prefer these posts to stop taking away from author rewards. We already have a beautiful system of DHF to fund projects like this. Remember that even DHF came into being at the cost of author/curator rewards. The enthusiam of voters on these posts is exciting. I can only hope we can reward real authors this way.
You strongly encourage HP holder to vote for witnesses. Would you please consider voting for awesome witness Leofinance that brings tremendous amount of value to Hive, Community and Stakeholders? I will be happy to tell you more if you are interested.
If you care to read more about my thoughts on this feel free to read my latest blog post.
Hive is da best!
If you disagree with the rewards on this post, use the downvote function as others have.
I like the rewards on the post. I just wish real authors were getting them.
DAO funding gets 10% of the inflation budget. The reward pool gets 65%. Fundamentally with this structure the DAO can never be a full substitute for directing funds where stakeholders think they should be directed to add the most value. We did, indeed, use all available DAO funds first. With that having been done it is still up to stakeholders whether reward funds ought to be directed there as well.
As others noted, as a stakeholder you are definitely entitled to vote for what you think adds the most value.
Rewards fund - 861,358 Hive = $340,236.
Hive.fund (DAO) - 75,058,945 Hive and 1,418,916 HBD
Maybe daily distribution limit of DAO should be increased?
I would rather convince you to see my point of view and not vote, than dispute the rewards with my tiny votes.
I fully support what you are trying to do though. Stable HBD is great for all of us. Just wouldn't want to see it happen at the expense of authors.
Btw, I left you a comment with a question few days ago on a completely different topic. May I ask about it? If not, it's ok, I understand.
The daily limit doesn't really solve the problem. It would allow more to be spent at one time, but that would deplete the fund faster which would then reduce the budget which could be spent subsequently. It is fundamental that only 10% of total funding is going to the DAO. That's just not a lot.
It is true that the HBD stabilizer proposal is a bit of a different breed in that it doesn't actually deplete DAO funds, but most do. I don't think we can reasonably change the general rules for this one thing (and even if we could, that wouldn't happen until a hard fork, who knows when).
The HIVE in there is a one-time sum and won't be replenished at all. A decision was made (which I agree with) to slowly release it over a period of years. The idea being that it should help support and sustain HIve well into the future. Again, grabbing it faster and "borrowing from that future" doesn't seem appropriate.
Since the project is only borrowing and returning Hive with profits back to the DAO, I thought there would be no harm in borrowing more.
Makes sense.
It still counts against the budget as if it were spending, even though it isn't. The budget is mostly tapped out. There is a small additional amount in the budget that is increasing over time and we'll probably make another proposal soon, but we can't just change the budget rules even though this isn't really spending.
Seems a bit weird you leave out the HBD authors receive and its value.
I took that number from hiveblocks.com. It doesn't show HBD there. My understanding was that Hive from rewards pool is burnt to create HBD for authors. Am I a wrong? Is HBD created separately?
If you mean the witness thing, I may look at it but I haven't yet.
May I follow up on the same question again? :) Sorry.
Since you didn’t say no yet, I was wondering if I could tell you more about leofinance, so that you have more information before consider to decide one way or the other?
Community loves leofinance and they bring great amount of value to Hive, the community, and stakeholders.
If you would like to hear more, I will be happy to drop more detailed pitch that hopefully will convince you to vote as well.
You are welcome to ask the same question again. My answer is that no, I don't see myself reading a pitch at this time. Maybe some time later.
You don't need to read the pitch if you don't have time at this time. You can just trust me and vote. I did the research for you. :) TLDR; - Massive benefits for stakeholders.
Since you left the door open, I will bother and annoy you with the same questions next month. Unless of course you just trust me and vote now. :)
I am really bad at this. I will try to get better in a month. Decentralization is difficult. lol
The issue is that it's easy to hide. Frontends could just stop showing it in trending posts. People who are interested can follow this account.
This is a really interesting project. Thanks for the detailed explanation on how it all works.
While I do not feel confident these posts will have the impact those who are voting for them would like to see, I am not opposed to anyone using their stake to support what they think will add value to their investment.
I am concerned by the end of the week we'd likely have 5 or more of these posts on trending, which is why I've downvoted it.
Agreed this doesn't solve the issue what so ever. If you want to fix the issue then stop paying out so much HBD or just remove it from the rewards and only reward HIVE while HBD is it's own thing. It's never made sense to me to have two tokens of which one never holds its $1 value nor most likely never will it's flawed in the way it's coded into HIVE itself and that's what really needs to be looked at if you want to try pegging this thing at $1. I don't see this fixing anything besides removing rewards from other quality posts and real work being done on the chain.
Drying out the supply of HBD would make the issue of >$1 HBD worse because supply/demand.
The idea of rewarding HBD, as a stable coin, is one of the best things about the original design. Read what Dan had to say about that: https://hivel.ink/steem/@dan/steemit-s-evil-plan-for-cryptocurrency-world-domination
HBD holds its value at $1 fairly well when it's not being blindly speculated, because there is a constant supply and it can be converted to about $1 worth of HIVE. The 10% haircut rule has made that not hold when the price of HIVE has been too low and that is another thing being looked at for a change.
You are right that there is a flaw in its implementation, there is no HIVE->HBD conversion to keep the peg on the upper end of $1. I've advocated for this as a fix for HBD and formerly SBD for a long time now. HBD as a functional stable token is (or will be) one of Hive's greatest assets. Thankfully others are coming around to the idea: https://hivel.ink/hive-102930/@blocktrades/proposed-hardfork-change-to-stabilize-hive-dollar-s-tracking-of-usd-value
Now that's something I can get behind and only just scanned over it so far. These posts seem more like a band aid slap while the proposal seems like more of a permanent solution. If we can actually get it to stay within a cent or two of $1 at all times that will do wonders. I just didn't feel this post was the way to go about it at all.
Using posts and even the DHF to increase market HBD supply is not a do-it-all solution by any means. We can see that in its limits currently. The true solution is to allow HIVE->HBD conversion by the blockchain.
Even if it's limited, I do enjoy the bandaid. Redirecting capital from people blindly speculating on a three letter token they have zero understanding of back into the value of HIVE and the DHF is proving to be very successful. And due to the fact that has only been partially successful in its mission, it strings that dumb money along resulting in more value for Hive.
Wouldn't it be better to burn the Hive instead of donating it to the DAO fund? I would vote on deflating Hive a bit.
When the HIVE is sent to the DAO it is destroyed and converted into HBD.
Voted the proposal early on. This is great even though it seems there are some prominent HIVE folks that don't care for it.
I have done some research since the proposal was first posted. I am no economic expert by any means, but this action makes sense to me as a small investor in the entire HIVE Blockchain Network. 🐬
good to see numbers go up this high
I'm just going to smoke a whole bunch of marijuana and just enjoy the fact that we have a anniversary this year and our blockchain has been here for an entire year!
Congratulations everybody and I hope you all smoke a lot of weed and quit arguing.
My personal feelings is let the market decide the values.
That and smoke more wonderful flowers.
I support the proposals, but these posts trying to stabilize HBD have so far had no effect (i.e. HBD potato), so I'm downvoting it for now
Make another proposal for funding @hbdstabilizer.
Spam the trending page is shit, new users see this most time as a second impression of Hive after the post they read first.
I'm sure it gets funded in a day ( if I look at the votes from the post).
It remembers me to burn post, hdbpotato and other project funding posts.
I would also vote for another proposal for @hbdstabilizer.
DAO funding gets 10% of the inflation budget. The reward pool gets 65%. Fundamentally with this structure the DAO can never be a full substitute for directing funds where stakeholders think they should be directed to add the most value.
IMO a better solution is to improve the front page and not just show highest payouts, which aren't necessarily cosmetic or interesting.
I intend to make more proposals to the DAO once there is enough unused funding there to not have a million little proposals. We've already used up most of what is available right now.
But does a 400$ post have a real impact on that?
That's not really the question. In directing the reward funds, the question is whether that $400 adds more value this way or more value going to some other post payouts.
It's fundamentally not limited to $400 either, that depends on voting, number of posts, etc.
We can hide posts like these from the trending page via a JSON file within a repository on GitLab.
Frontends could then fetch (& possibly cache) the list (https://gitlab.syncad.com/hive/clean-trending/-/raw/master/list.json), hide the posts and display them in another way, which would keep trending clean and ppl could still downvote if they deem it necessary.
That sounds similar to what I've been suggesting for years...
I left a comment on the previous hbd.funder post.
https://peakd.com/hbd/@hbd.funder/upvote-this-post-to-fund-hbdstabilizer#@nonameslefttouse/re-dalz-qq8ng7
Hide it from trending, I suggest using a special tag that would automatically disqualify it from the general trending section we're all familiar with. That tag then gives it access to a new feed made specifically for development updates, internal memos, platform politics. Many things that don't and never have mixed well with general content. It's all equally important but should not be competing with each other.
But I think you have me on mute so I'm most likely just talking to myself here. Much like I was when suggesting this very same thing, years ago. One of first suggestions I made for Hive after viewing infighting and platform politics on the trending page within the first week (when all eyes were on us) was to separate this kind of internal content away from general content. That way we can still duke out and resolve problems without putting on the big show for the rest of the world to see. If they want to see it, they can hit the Jerry Springer tab and watch how we get shit done. Meanwhile the general trending page looks nice and bright, shiny; and proves what happens behind the scenes isn't just a bunch of chickens running around with their heads chopped off.
But do we need posts like this?
https://peakd.com/hbd/@blocktrades/qq97ao
i already see it. Im more a fan of a pool with Hive to HBD conversion Investors can put in funds with the same function. Would be a cool defi, nice returns + super stable HBD.
Would be a long term solution :)
Thank you, was just writing comments about that. The solution is so simple
Thank you for your efforts @hbd.funder .
I definitely will follow the community and contribute what I can from my part. I will jump on my witness list and add in a vote too.
Are you just after upvotes and witness voting at this point or do you also run a delegation pool?
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STOPTo support your work, I also upvoted your post!
Why should I care about the "stability" of HBD, and donate for it? Its without purpose anyway, so if it is disrupting lets just get rid of it.
Downvoted. This is taking rewards from actual content creators.
Also if we want to collect more funds to repeat the process and get stable 1$ HDB. The process should not be exclusive for DAO.
If stakeholders can invest in that and becomes a roi out of it, we see the most stable asset ever.
No that doesn't really work. The profit comes from the fact that the blockchain creates HBD for a dollar (worth of HIVE from inflation). Anyone else has to buy their HBD from the market and pay the market price which eliminates the profit.
Yes and No,
Because,
If we allow Hive into HBD converting ( 1$ worth, for example, a pool does it, like the hive in DAO fund).
So we can print the over demand on HBD and get it back to 1$. the return can go spread over people that pay Hive into a pool.
The converting can be over time with a fee for DAO fund. Would be an awesome system.
Yes I somewhat understand. You seem to be proposing a hive-to-hbd conversion function that would happen slowly in a pool like the dao. People would decide how much to invest, and they would get back hbd from the fund over time.
I think this would work for some economic functions. If people have an opinion of how much new HBD will be needed over some extended period of time, they can decide how much to invest, and that could help stabilize HBD.
However, those expectations may turn out to be wrong, in which case it wouldn't help. You need some other process to deal with shorter term shifts in demand.
Wait but there can be one step added.
Would be stabilizing HBD also on heavy short-term swings.
That's the idea. Sorry, sometimes i write it in a weird way :D
Because would-be ridicules high, if HBD is for example 1,5$, many people would start to fund it. Its like a defi farm :) Returns become lower as more funds added and bring HBD to a super stable niveau.
Yeah that would probably work.
Next time I try to tell something I will use numbers first :) I think its easier to understand with a step to step and less wall of text in bad English :D
There is one issue that it is hard for a fully autonomous blockchain agent to actually know when it is selling HBD for more than $1 (since it can't trade directly against centralized dollars and it can't get a true real time price feed). So in a fast moving market when the price feed is inaccurate, it would be selling for under $1 by mistake and losing money instead of making money. Of course investors could accept that risk when funding, and it probably wouldn't happen all that often.
can we use the in-house exchange price for that? Or something like:
Never sell under Conversion rate HDB into Hive with the 3,5 days average?
For example Hive is 0,50$.
2 Hive 1HDB conversion and this is the stop level. So Hive would be never bought from the market under these levels.
Only if we become 2.05 Hive as a minimum for example.
sigh please don't tell me this is going to be a continued trend...
How do I get a post to get a post that is up
Simply get another post to get a post that is down.
Lol
this post needs some pictures
ha, much better. Need more of this on the top of some of these hbdfucker posts. Give us something cool to look at whilst pressing the vote butttons
But hey! At least all this infighting will attract new investors!
Either get the frontends to remove your posts or stop please. I prefer if frontends stop showing it, I like the idea of rewards going to the hbd stabilizer.
So, this really only benefits the developers?
It's buying HIVE, therefore increasing demand and the price for HIVE. That benefits all Hive stakeholders.
Where's the numbers proving the concept? It didn't help when it was down, so where's the proof it brought it up at all? Hive is following the rest of the market mostly and there's no evidence this is beneficial, especially when it rapes the rewards pool in the first place...
You can't prove with numbers that increasing demand for buying HIVE (or any other asset) makes the price go up, because there are always other potential factors. Nevertheless, I'm going to stick with that as the primary goal when it comes to increasing the value of my Hive stake.
I would disagree on the factual point of Hive following the rest of the market. In the last 30 days Bitcoin is up about 2%, Ethereum down about 4%, and Hive is up about 30%.
The ppl are simply looking for cheaper investments while BTC has stalled. When/if BTC takes off again, watch hive tank.
Remember how vibrant steem was when SBD was costing a lot? Well look at the SBD price now, its huge and incites a lot of interaction and activity.
I would so rather a $10 hive dollar than a $1 hive dollar.
SBD is now $7 and STEEM is 50 cents, barely higher than Hive. Steem has gone out of their way to break SBD again, and it hasn't helped the price of STEEM the way you suggest.
You are confusing cause and effect. Both STEEM and SBD went up a lot in 2017-2018 because there was a tremendous spike in speculation and demand throughout the crypto market. It wasn't a matter of SBD going up being the cause and STEEM going up being the effect, they simply both went up.
I have to tell you what actually happened when sbd and steem went up 2017/2018.
There were 2 + major catalysts.
There was tether fud, lots of dollars went out of tether looking to find another “peg”. At the time, not many existed, which flooded Steem Backed Dollars with intense buying pressure.
there were lots of funds exiting bitconnect and entering steem. 2 big moves were made by Trayvon and Craig. They both market sold their bitconnect and market bought steem pushing the prices way up high.
Bonus fact) also, voting bots were a thing, they accepted steem dollars and steem, thus creating a major use case for both tokens (buying pressure).
I have not suggested in any fashion that the high SBD price has helped the price of steem. Reality is, the content creators are getting half steem half sbd, just like us, but their peg is $7 while ours is being pushed down.
Now if this behaviour can actually propel hive’s price then why not, go for it. But right now lots of 3rd world steemit users are praising the high SBD price, if only they knew their funds are controlled by a master manipulator.
!WINE
Cheers @zelensky, Thank You For Inviting @hbd.funder To A Glass Of WINE.
At The Moment You Don't Have Enough WINE Staked To Order A Glass Of WINE From @wine.bot.
Please Refill Your Barrels By Directly Buying WINE From Marketplace & Make Sure You Have Atleast 25.00 WINE In Staked Wallet.
Total Purchase : 24480.932 WINE & Last Price : 0.290 HIVE
HURRY UP & GET YOUR SPOT IN WINE INITIAL TOKEN OFFERING -ITO-
WINE Current Market Price : 0.300 HIVE
when as planning on target, time for shopping. dont be late dude